Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Publication of Periodicals or Newsletters
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Wealth Management Overview
WEALTH MANAGEMENT is a registered investment advisory firm that specializes in offering investment advice services since 2006. They are based in Norfolk, NE and offer fee-only arrangements, which means their clients pay only for the services they receive. This approach eliminates conflicts of interest and makes sure that the firm's financial interests are always aligned with their clients' interests. The firm offers a broad range of services in addition to investment advice. They provide financial planning to help clients meet their financial goals and objectives. Plus, they offer portfolio management services for both individuals and small businesses as well as large businesses or institutional clients. The firm also provides pension consulting services to help businesses make the right choices when it comes to their pension plans. In addition to their investment advisory offerings, WEALTH MANAGEMENT publishes periodicals or newsletters to educate clients on the latest investment trends and strategies. The firm also conducts educational seminars and workshops to help clients learn more about investing and financial planning. Finally, the firm offers other services, including sub-advisor and back office support services. The sub-advisor services involve partnering with other investment firms to provide investment advice, while the back-office support services handle administrative tasks such as account maintenance, trade processing, and record-keeping. All in all, WEALTH MANAGEMENT is a one-stop-shop for investment advice and financial planning needs.
WEALTH MANAGEMENT serves a diverse array of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and various other types of corporations. These clients each have unique financial needs and goals, and WEALTH MANAGEMENT tailors their services to meet their specific requirements. The fees for WEALTH MANAGEMENT's services vary depending on the needs of the client and the type of service provided. Clients may choose from several fee structures, including a percentage of assets under management (AUM), hourly rates, or fixed fees. The percentage of AUM fee structure means that the client will pay a percentage of their overall assets managed by the firm. The hourly fee structure means that clients are billed for the time spent on their account, while fixed fees are a set amount charged for a specific service or package of services offered by the firm. The flexibility of fee structures available from WEALTH MANAGEMENT ensures that clients receive the best value for their financial needs.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Wealth Management does not mention their investment minimum.
How This Office Can Help Thomasville, GA Residents
Wealth Management LLC provides a range of financial services to clients in Thomasville, GA, including investment management, retirement planning, and tax planning. With a focus on personalized attention and tailored solutions, the firm helps clients navigate the complex financial landscape and meet their financial goals. For homeowners in Thomasville, GA, Wealth Management LLC offers expertise in real estate investment and mortgage planning. The firm can assist clients in evaluating investment properties, securing financing, and managing the tax implications of rental income. Additionally, for small business owners in the area, Wealth Management LLC can provide guidance on everything from bookkeeping and cash flow management to business valuation and succession planning. Overall, Wealth Management LLC strives to be a trusted and comprehensive financial partner for clients in Thomasville, GA.
Services Offered by Wealth Management
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Wealth Management most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Wealth Management is registered to service clients in the following states:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Florida
- Georgia
- Idaho
- Illinois
- Iowa
- Kansas
- Kentucky
- Michigan
- Minnesota
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New York
- North Carolina
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
Disciplinary History
Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.